“I have to confess, we checked the numbers a few times on that one,” said the VP of Research for Canadian Black Book about the HUMMER H2 retaining more value than any other vehicle.
Black Book is well known among dealers in the US and Canada as a leading source of vehicle values for dealer appraisals since much of their data comes from auction information and real-time sales.
The “Best Resale Value” award went to HUMMER at the opening of the Canadian International Auto Show where 19 vehicles were honored for their resale value. Toyota got the bulk of the awards across the different categories which included best retained value for luxury cars, full-size pickups, etc.
Representatives from Black Book explained that the vehicles in all the other categories retained 50 to 65 percent of their value after four years, and they were surprised to see the HUMMER H2 come in at a staggering 71..14 percent of its MSRP.
There is some anecdotal evidence that the high marks come as some vehicles are being sold overseas or otherwise exported to countries with higher demand – but in that there are still plenty of locals interested in HUMMER and that’s driving the wholesale/resale value up.
“Its value actually increased last year, so it’s bit of an anomaly.”
The HUMMER H3 also made the list – finishing right behind the Toyota FJ Cruiser in the Mid-Size SUV category.
Sadly, since the report is only done on 4-year resale values and the H2′s last year was 2010, this will be the last time that HUMMER’s resale values are measured up against the competition. Though, it’d be interesting to see HUMMER’s 5-year numbers vs everyone else’s 4 years numbers last year. I wouldn’t count on anyone going out of their way to research and publish something that puts HUMMER in a positive light, so we won’t hold our breath on that one.
Full Release at Canadian Black Book
The results by category are listed below: [Continue Reading]